quora
Nobody downloaded yet

Strategic leadership2 - Essay Example

Comments (0) Cite this document
Summary
  Strategic Leadership 2 Name: Institution:       Strategic Leadership 2 Businesses expand internationally for growth and profits. The international organizations which expand internationally frequently realize economies of scale because of their tremendous client base (Maed 2005, p…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.3% of users find it useful
Strategic leadership2
Read TextPreview

Extract of sample
"Strategic leadership2"

Download file to see previous pages 91). This paper will look at the extent Wal-Mart’s failure or success was due to poor or excellent management or to environmental factors. In the business world, price and product are constituents of the 4Ps of marketing. The deliberate pricing of a product or service is an essential part of a process of business building that its significance cannot be over emphasized (Steger 2010, p. 53). This is because the cost of a commodity or service may make or break a business, so it should be carefully examined (Emiliani 2008, p. 71). Wal-Mart have acquired and maintained their leadership position in the sector largely due to their exclusive pricing strategy. Wal-Mart established a distinctive pricing technique that differentiated it from its competitors and gave it a competitive advantage over rivals. Over the last decade, Wal-Mart has developed into the globe’s leading and possibly most commanding retailer with utmost sales and operating earnings of all discount retailers (Mullen & Stumpf 1992, p. 42). The organization owes its growth from regional retailer to international powerhouse chiefly to adequate and changes in management. Wal-Mart has been largely successful in most parts of the world, and this has been attributed to both proper management and environmental factors. In areas where it has failed, for example, Europe and Asia, it has been largely due to environmental factors. Wal-Mart started with the objective of providing clients with the commodities and services they required where and when they needed them (Adair 2003, p. 51). This strategy was referred to as outside-in thinking, where the organization’s philosophy and approach put the interest of the client before the capabilities of the organization (Peng 2008, p. 49). In addition, the management of Wal-Mart under Sam Walton, employed homespun business knowledge and folksy charm with progressive supply-chain and information technology management to establish the globe’s most sufficient retail company (Walton 2009, p. 553). The organization’s management concentrated on establishing cost structures that permitted Wal-Mart to provide low daily pricing. Wal-Mart’s management also focused on creating a more advanced and highly structured management plan to enhance and exploit the competitive advantage it was experiencing. Under the leadership of one of the chief executive officer, Lee Scott, Wal-Mart embraced environmental and social responsibility (Hill 2010, p. 31). As the organization enlarged in its variety of services and goods, for example, health clinics, groceries, financial services, fashion clothing, online prescription drugs, and music downloads, it was compelled to puts the interest of the client before the capacities of the organization (Merritt 2008, p. 63). Therefore, Wal-Mart’s management took this opportunity to utilize the large size with rapid responsiveness and speed towards customers (Sanders 1998, p. 67). Moreover, to offer a wide variety of commodities, Wal-Mart’s senior managers, Bud and Sam started promoting their individual discount store idea. During this period, discount stores were only found in large towns (Bradley 2005, p. 53). Sam Walton argued that if the prices were favourable, Wal-Mart’s discount stores could be of tremendous help for clients in ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Strategic leadership2 Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Strategic leadership2 Essay Example | Topics and Well Written Essays - 750 words. Retrieved from https://studentshare.org/marketing/1473038-strategic
(Strategic Leadership2 Essay Example | Topics and Well Written Essays - 750 Words)
Strategic Leadership2 Essay Example | Topics and Well Written Essays - 750 Words. https://studentshare.org/marketing/1473038-strategic.
“Strategic Leadership2 Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/marketing/1473038-strategic.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Strategic Management: Strategic Choices
Strategic choices by TRADOC The TRADOC Strategic plan has three strategic choices which provide as organizing constructs for main objectives and tends to support the achievement of the strategic objectives and execution of mission and role of the Army trainer leading to change in the Army.
3 Pages(750 words)Essay
Strategic leadership2
The most significant level for developing a value chain is not the corporate or division level, but the business unit. Product pass through actions of a chain in order, and at each action the commodity attains some value (Bennett & Blythe 2002, p. 17). Chain of activities provides the commodity extra added value than total of the separate values of activities.
3 Pages(750 words)Essay
Strategic Management
The purpose of strategic management is to create new and different opportunities for the organisations to sustain in its usually competitive environment. In brief, the notion of strategic management is fundamentally described as the procedure of devising along with executing effective strategies with the intention of supporting an organisation to attain its expected business targets (Nag et al., 2007).
4 Pages(1000 words)Essay
Strategy
Gupta, Vipin; Gollakota, Kamala; and Srinivasan, R. (2005, p. 56) gave the difference of FLS by saying that the goal for the FLS is to make each part of the organization effective in fulfilling functions. Without CLS, resources
1 Pages(250 words)Research Paper
Strategic Management
Strategic management in the public sector is a complex process since there are multiple stakeholders with varying needs and limited resources available. There are various approaches to strategic management in the public sector.
8 Pages(2000 words)Essay
Strategic
These five criteria are controlled by internal focus. Internal focus is focus on a company’s products, not their competitions. Only company’s can dictate their product. A uniqueness of a
2 Pages(500 words)Essay
Strategic
In contrast, strategy aims at changing the manner in which activities are performed, in order for them to be different from those of competitors (Porter 1996 p. 62). Through
10 Pages(2500 words)Essay
Leadership2
Currently, Bank Dhofar is controlling a nationwide network of branches, Automated Teller Machines, and 52 CDMs in the Sultanate. According to the bank’s marketing manager, having 67
23 Pages(5750 words)Essay
Strategic Planning
The three C’s i.e. collaboration, cooperation, and coordination play a very important role in the process of strategic planning. Strategic planning is based on consulting the right sources of information at the right time.
2 Pages(500 words)Essay
Strategic Planning
The use of SWOT analysis is widespread and useful in this context. SWOT analysis helps in strategic planning process by analyzing the business’s success factors, its weaknesses and provides an insight to the opportunities and threats that are prevalent in the industry that it works in.
3 Pages(750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Strategic leadership2 for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us